Developing a Business Plan

Overview

Steps in Developing a Business Plan

For the development of a business, the business plan provides a road map or a guideline to the company and helps in achieving the company’s goal. It also works as a management instrument which can be used to ensure that the business is on track with sales targets, meeting goals, or operational milestones on regular basis.

Due to some over complicated approaches, a few small businesses cannot be able to fulfil their objectives but they can overcome these troubles with a well-managed business plan.

An excellent business plan assists a company to build a right strategy along with the sales and PR plans and it also emphasized a company to think realistically, unemotionally and objectively about business. Such business plans assist the company to communicate the strategies and planning objectives with partners, bankers, financial backers, and employees.

This unit provides a comprehensive overview of the major steps in developing a business plan, along with creating a new brand from scratch. It also examines how to develop a business structure and how to create promotional material.

On the completion of this unit, candidates will be able to understand how to design contact information along with how to gather various resources.

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Objectives

After the completion of this course learners will be able to:

Create a business strategy that includes a business plan, budget, marketing plan, fee structure, and resources

Use social media and networking skills to grow your consulting business